Reports Pakistan has suspended imports of crude oil from Russia, citing low quality issues

<p>Pakistani media reports that imports of crude from Russia have been suspended</p><p>Citing unnamed sources for the info that the Pakistan Refinery had refused to process more Russian oil, as less petrol was being produced from it with 20% more furnace oil compared to the Arabian crude oil.</p><p>—</p><p>The implications of this would seem to be higher demand for non-Russian oil from Pakistan. At the margin this is a tailwind for Brent and WTI. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.